performances by stevie wonder, alicia keys -- prior to that first dance, the president praised mrs. obama. >> i said today at the lunch that some may dispute the quall ty of our president, but nobody disputes the quality of our first lady. >> now, despite the lavish look of the night, it was a scaled down event. there were ten official balls following the president's historic election in 2008. this time around, only two. a nod to the struggling economy. president clinton, by the way, holds the record official inaugural balls with 14 in 1997, when he was re-elected to a second term. >> so help you god? >> so help you god. >> congratulations, mr. president. >> regardless of your political believes, it's a proud day for millions of americans. the balls came hours after the president was ceremoniously sworn in before hundreds of thousands of people who packed the national mall. mr. obama delivered an impassioned address, touching on a number of political and social issues, including same-sex rights. nbc's jean elliot joins us from treasure island. the president was bold, as you saw earlier today, a